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VOL. 46 | NO. 13 | Friday, April 1, 2022

Stocks fall, yields rise as Fed details inflation efforts

The Associated Press

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Stocks fell and bond yields rose on Wall Street Wednesday after details from last month's Federal Reserve meeting showed the central bank intends to be aggressive in its efforts to fight inflation.

Minutes from the meeting show that policymakers agreed to begin cutting the Fed's stockpile of Treasurys and mortgage-backed securities by about $95 billion a month, starting in May.

The S&P 500 fell 1%, the Dow Jones Industrial Average fell 0.4%. Technology companies had some of the biggest losses, pushing the Nasdaq down 2.2%.

The yield on the 10-year Treasury rose to 2.61%.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0